"Gem God" National Technology Truth

Last Friday afternoon, dozens of organizations from all over the country gathered in Shenzhen, not for him, but a startling worry: will the national technology (300077) mobile payment chip project suddenly die?

A private equity fund researcher said, "national technology is probably the first card to fall off the altar of the gem."

It is hard to describe the capital's praise of national technology in words.

A shares the first high priced stocks, "gem is most likely to rise to 200 yuan stock", "gem star", "the most likely to become a Microsoft company"......

It is not necessary to list the hot pursuit of mainstream institutions since listing. Everything is logical.

But dreams always wake up.

The truth of the myth of 300077.SZ is not even clear to the brokers in the industry.

What happened?

The exclusive investigation of financial weekly found that the pillar of national technology: mobile payment chip, hidden great risk, things are far more serious than people think.

"Mobile payment is facing multiple risks".

The most promising growth point of the national technology is the mobile payment chip and the overall solution. At present, the national technology has obtained the exclusive RFID-SIM technology supplier qualification of China Mobile (quotes, information, reviews) mobile payment.

The prospect of RFID-SIM market in the future can be relied on by the big tree of China Mobile. Everything looks beautiful.

However, according to the multi dialect theory, China Mobile mobile mobile payment business is shaking violently, "even in principle, it does not support the 2.4G band mode".

"There is a lot of controversy within the mobile sector."

An anonymous upstream China Mobile mobile payment business upstream supplier executives told financial weekly.

The reason for the controversy is that China Mobile's mobile payment system has encountered unprecedented pressure.

"China Mobile now has two risks: regulatory risk and cost risk," people familiar with the matter said.

As we all know, in the field of mobile payment, China Mobile's 2.4G mode is more mature than the SIMPASS mode of China Unicom (600050) and China Telecom (quotes, information, reviews).

There are three parallel mobile payment schemes: 13.56M's NFC scheme and SIMPASS scheme, and 2.4G's RF-SIM solution.

Among them, the NFC and SIMPASS schemes are already existing and applied in the world, and RF-SIM is a new technology developed independently in China.

The technological standard of independent innovation has been regarded as a standard, but it has been strongly opposed by its upstream and downstream partners and competitors.

It is reported that China Mobile is introspection on another kind of self risk, that is, the cost of operation pressure.

"The cost of RFID-SIM technology itself is not high, but once Mobile Unicom and telecom have gone on their own, there is no established network to make use of, and no one will do the matching, such as the downstream POS, all have to start from scratch, but no alliance.

Besides, the cost of RFID-SIM technology itself is very low, but the maintenance cost and holding cost of mobile are very high.

How to make profits in the future is still unknown.

An anonymous mobile payment field has been working for a long time, and its achievements have been approved by the central bank, according to the financial weekly.

What is the way of national technology

"We have heard about this news, but we have not received the notification from the mobile side. The delivery is still normal."

When the financial weekly asked the national technology securities department as an investor, the other party said.

In fact, according to the survey conducted by financial weekly in a month ago, China Mobile's internal hesitant has already been pmitted to the upstream and downstream of the industrial chain.

The Financial Weekly has learned from China Mobile chip packaging supplier Changdian Technology (600584) (600584.SH) that the situation has changed significantly.

Zhu Zhengyi, director general of Changdian technology, said that China Mobile had orders for hundreds of thousands of RFID-SIM cards per month, but it has recently faded. On the contrary, the chip order of China UnionPay dominated 13.56MHZ mode has started to exert itself.

At that time, the industry veteran told financial weekly, China Mobile has basically made clear that the main body of the online trading route, is closely studying UnionPay led 13.56MHz mode.

"Facing China Mobile has always been proud of its advantages of recharge convenience, is also a trend.

UnionPay can combine U shield and NFC together, so the recharge of bank cards becomes very convenient. It can easily recharge at home and offices, and the advantage of mobile phone recharge is no longer reflected.

The experts said.

At that time, financial weekly contacted China Mobile spokesman Zhao Yi several times, but failed to get a reply.

In the meantime, a large number of organizations still insist that 2.4G technology is difficult to be replaced because of its advantages in penetration and operation.

When financial weekly tells the above information to some analysts, they are generally surprised.

The spread of news quickly exacerbated institutional concerns.

According to the financial weekly, the national technology once refused the research of the organization, but finally released it.

In June 4th, dozens of agencies gathered in Shenzhen to talk about national technology executives.

According to a recent broker who went to research, the national technology confirmed that China Mobile was pushing the 13.56M NFC plan, but did not stop the 2.4G plan. The most likely result is that the two will be promoted in parallel and develop to a certain scale.

The recent job adjustment of China Mobile Wang Jianzhou is also interpreted by some analysts as a signal of strategic game and adjustment.

"This actually means that China Mobile has compromised, but is looking for a step.

National technology is also seeking a new step.

An institutional analyst in Shanghai said.

Who is making the myth?

Who made the myth of national technology?

"Before the listing of national technology, no one can imagine in a circle. A company can take such a cow's name. Since it can be called so, it is certainly not a white call.

But the national technology shows that there are too few good companies in China. How can you expect a company that is attached to an operator to become the soul of the gem? "The private person said.

According to the financial weekly report, during the national technology roadshow in Shanghai, its executives were still more conservative about their biggest imaginative mobile payment chip, but the performance of the inquiry institutions exceeded the expected fanaticism.

"The scene is very busy, and the brokerages there are still unable to catch up with the fund's trip. For example, the enquiry interval given by Guotai Junan is only 70 yuan, but the fund has opened a price close to 130 yuan."

The above private placement said that even many institutions after the stock inquiry, that the national technology listing "Chong two" (rushing to two hundred yuan) is a nail in the cake.

So, what is the reason for giving such an unreasonable sense to the institution?

"What do you mean by giving such a high valuation?" he said, "I still don't know a paper prospectus. You can see that the evaluation report of the securities company is no exception. All the data and conclusions of the prospectus are quoted, and there is absolutely no research on it at all."

He said.

According to the prospectus, the sponsor of national technology is Anxin securities.